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Breaking: NNPC begins enforcement of N133.28 ex-depot fuel price

The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has deployed more of its depots and other throughput facilities to enforce the N133.28 per litre Ex-Depot price of Premium Motor Spirit, otherwise known as petrol, to marketers directly.

From left: Minister of State for Petroleum Resources, Dr. Ibe Kachukwu; Group Managing Director, NNPC, Mallam Maikanti Baru; Chief Operating Officer, Downstream, Mr. Henry Nkem-Obih and Chief Operating Officer, Refineries, Mr.Anibong Kraga, during the Joint Public Hearing by the National Assembly Committees on Petroleum Resources (Downstream) over fuel scarcity at the National Assembly Complex, Abuja. Photo by Abayomi Adeshida 04/01/2018

A press statement signed by the Group General Manager, Group Public Affairs Division of the NNPC, Mr. Ndu Ughamadu, quoted the Managing Director of Petroleum Products Marketing Company, PPMC, Mr. Umar Ajiya as also saying that the daily truck-outs from the depots had been increased from 1,733 trucks to 2000 trucks per day, adding that efforts are on to sustain the tempo in order to flood the market with PMS.

Ajiya explained that the measure became necessary to resolve the price differentials between some of its stakeholders.

He noted that the throughput facilities along with some of its coastal depots would go a long way in ensuring that marketers access PMS at the approved government price.

He maintained that the corporation had adequate supply of petrol, advising against panic buying.

“As at today, I want to confirm that the NNPC/PPMC has more than 20 days sufficiency both at marine and land depots and we are still operating 24 hours at the depots and all NNPC Retail Outlets to wet the nation with PMS,” Mr. Ajiya reassured.

He added that the corporation received between one and two PMS laden ships per day, adding that there were days that the NNPC/PPMC took delivery of four cargoes of ship laden with petroleum products.

He stated that queues were easing out across the country going by feedbacks from the field and that most of the filling stations were selling at the approved price of N145 per litre.

The PPMC boss called on marketers to desist from hoarding and diversion of petroleum products to neighbouring countries, stressing that the corporation was working hand-in-hand with the Department of Petroleum Resources (DPR) and other security agencies to sanction defaulting marketers.

He enjoined motorists and other consumers of PMS to report any infraction by marketers or any NNPC Retail outlets to any of the under-listed numbers for speedy action. 0906 000 5621, 0906 000 5622, 0906 000 5623, 0906 000 5624.


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